Publication of Circular

Finsbury Growth & Income Trust PLC

(the “Company”)

Publication of Circular to convene a General Meeting

22 July 2016

Since the Company’s last annual general meeting held on 4 February 2016 (the “Annual General Meeting”), its Ordinary Shares (the “Shares”) have consistently traded close to the Net Asset Value (the “NAV”) per Share, which indicates that there is reasonable demand for them in the market.  This has enabled the Directors to use the authority granted to them at the Annual General Meeting to issue a further 10,034,000 Shares.

The Company announces that the authority granted in February 2016 has been substantially utilised and that it has taken the steps necessary to enable it to continue to issue further Shares.

The Company is pleased to announce that a circular convening a general meeting (the “Circular”) will be posted to shareholders on Tuesday, 26 July 2016 to enable the Board to continue the policy of issuing new Shares to the market at a premium to the higher of the prevailing cum income or ex income NAV per Share when demand arises.

The Circular sets out the Company's intention to call a general meeting of shareholders to be held at 25 Southampton Buildings, London WC2A 1AL at 2.00 p.m. on 23 August 2016 (the “August General Meeting”) to consider and, if thought fit, approve an ordinary resolution empowering the Directors to allot equity securities up to an amount equal to approximately 10 per cent. of the issued share capital of the Company and a special resolution to disapply pre-emption rights in respect of any such issuance (the “Proposal”). Any authority granted to the Directors will lapse at the conclusion of the next annual general meeting of the Company.

Expected Timetable

Latest time and date for receipt of forms of proxy	2.00 p.m. on 19 August 2016
August General Meeting to approve the Proposal	2.00 p.m. on 23 August 2016

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM  

The Circular will also shortly be available on the Company's website at www.finsburygt.com  

Enquiries:

Katherine Manson

Frostrow Capital LLP, Company Secretary

020 3709 8734